About the Chinese Economy

China has a growing economy.

Investors look for new opportunities and markets that present potential growth. The Chinese economy is growing fast and one of the world's leading manufacturers. The Chinese economy is an emerging market.

BRIC Nation

China is a BRIC nation (Brazil, Russia, India, and China). These nations represent fast-growing emerging market economies. BRIC nations are expected to have a wealthier economy by 2050 than most developed economies, according to Goldman Sacs investment firm report in 2003.

Foreign Direct Investment

Foreign Direct Investment (FDI) is the capital non-domestic investors are willing to invest and risk in a foreign region. In 2009, the commerce ministry of China reported that FDI accounted for 11 percent of urban jobs, 20 percent of industrial output, and 55 percent of trade.

Currency

The Chinese central bank is allowing the renminbi, a principal unit of the Yuan, to appreciate and increase wages. The renminbi is the official currency of the People's Republic of China.

GDP

China's gross domestic product (GDP) has dropped slightly from 11.9 percent to 10.3 percent in the second quarter (2010). China is the world's fastest-growing major economy, which may account for a third of the world's economic growth.

Inflation

After increasing loans to the Chinese public, Chinese banks are trying to stay away from inflation by tightening up the flow of loan outputs. The Chinese government is looking to aiming for 7.5 trillion renminbi (1.09 trillion USD).

References

• Forbes Investopedia: BRIC Nations
• "Forbes Investopedia": Top 6 Factors That Drive Investment In China
• "Forbes": The Next Chinese Economy
• "The Washington Post": China Is Successfully Taming Growth